Online lenders tied to Native American tribes argue that they aren’t subject to state lending laws, but they backed away from operating in six states where attorneys have acted forcefully to protect consumers.
  • tacosanonymous@lemm.ee
    15·
    3 months ago

    That sounds absolutely wild. I read “up to” 400% Was that a worst case scenario or was it wide spread? It would be helpful to see more data. Like, if they were charging 18-20% regularly or something.

    And Ftr, fuck lending institutions and the conditions that have created them.

      • dparticiple@sh.itjust.works
        2·
        3 months ago

        Thank you, Slatlun. It’s a pet peeve of mine. I read somewhere that not rewriting article headlines is a holdover from some subreddits who prohibited the practice.